Company Number 12571419 (England and Wales) Registered Charity Number 1194711 ARCADE ARTS LTD (A company limited by guarantee) FINANCtAL sfATEMEwrs Year ended 31 MARCH 2025 Phoenix Accountancy and Business Consultancy Limited
ARCADE ARTS LTD Company No: 12571419 Charity No: 1194711 Contents to the Financial Statements For the year ended 31 March 2025 Page Company Information Independent Examiners Report Report of the Board of Trustees (Incorporating the Directors Report) Income and Expenditure Account 17 Statement of Financial Activities 18 Balan Sheet 19-20 statement of Cash Flows 21 Notes to the Financial Statements 22
ARCADE ARTS LTD Company No.. 12571419 CharityNo: 1194711 Company Information For the year ended 31 March 2025 DIREcfoRS T Stephenson (Appointed 0611012020) (Resigned 0911212025) (Appointed og/1212024) (Resigned 27110125) (Appointed 1310912022) (Appointed 1910312022) (Appointed 2310912022) (Appointed 0810812023) (Appointed 0911212024) J Avison Dr K Acton J Crowley Y Wombwell M Romer K Mcmullen REGIsfERED OFFICE Bridlington Hub 2a Mashall Avenue Bridlington East Yorkshire Y015 2DS OPERATIONAL ADDRESS W()dend Gallery The Crescent Scarborough North Yorkshire Yoll 2PW REGIsfERED COMPANY NUMBER 12571419 REGISfERED cHARy NUMBER 1194711 INDEPENDENT EXAMINER Rebecca Triffitt, MAAT Prdctice Accountsnt Phoenix Accountancy and Business Consultancy Limited 4-6 Robert Street Scunthorpe North Lincolnshire DN15 6NG BANKERS Virgin Money 15¥158 Kensington High Street London W8 7RL
ARCADE ARTS LTD Company No: 12571419 Charity No.. 1194711 Independent Examinerfs Report to the Members of Arcade Arts Ltd I report on the accounts of Arcade Arts Ltd for the year ended 31 March 2025, which are set out on pages 17 to 33. Respective responslbllities of trnstees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the èccounts. The charitys trustees consider that an audit is not required for this year under secknon 144 of the Charities Act 2011 (the Charities Attl and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the tharities Art, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether parkncular matters have come to my attention. Basls of independent examinerfs report My examination was carried oui in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a cornparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequentsy no opinion is given as to whether the accounts present a 'true and fairf view, and the report is lirnited to those matters set out in the statement below. Independent Examinerfs ststement In connection with my examination, no matter has come to my attention to indicate that: accounting records have not been kept in accordance with secbon 386 of the Companies Act 2006. the accounts do not accord with such records: where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Att 2006, or are not consistent with the Charities SORP (FRS102) any matter which the examiner believes should drawn to the attention of the reader to gain a proper understanding of the accounts. Rebecca Triffitt, MAAT Phoenix Accountancy and Business Consultancy Limited 4.6 Robert Street, Scunthorpe North Lincolnshire DN15 6NG DATE. 41 Ila
ARCADE ARTS LTD Company No: 12571419 ChaTity No.. I l94711 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 31 March 2025 The Trustees present their report with the financial statements of the charitable Company for the year ended 31 March 2025. The financial statements comply with the Charities Att 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Chartties.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effettive l January 2019). Reference and Administrative Details of the Charity, its Trustees and Advisers Name fch Arcade Arts Ltd Chari Re istration NumLEr: 1194711 an Re istr n Number. 12571419 Re istered A dress: Bridlington Hub 2a Marshall Avenue Bridlington East Yorkshire Y015 2DS Princi ratin dress: Woodend Gallery The Crescent Scarborough North Yorkshire Yoll 2PW Direttors and Trust&s.' The Directors of the charitable Company (the Charity) are its trust for the purpose of charity law and throughout this report are collectively referred to as the Trustees. Names of Trustees (Directors) who served during the year and since the year end were as follows.. Dr K Acton - Appointed 13.09.22 Y Wombell - Appointed 23.09.22 T Stephenson - Appointed 06.10.2020 Resigned 09.12.2025 J Crowley - Appointed 19.03.2022 M Romer- Appointed 08.08.2023 J Avison - Appointed 09.12.2024 Resigned 27.10.2025 K Mcmullen - Appointed 09.12.2024 The Company is limited by guarantee therefore none of the Directors have an intert in share capital.
ARCADE ARTS LTD CompanyNo'. 12571419 Charity No: 1194711 Report of the Board of Trustees (Incorporating the Directorfs Report) For the year ended 31 March 2025 Da toDa Co-Director Co-Director Mana ernent of the Chari Rachael Drew Sophie Drury-Bradey Inde endent Examiner: Rebecca Triffitt, MAAT Phoenix Accountancy and Business Consultancy Limited 4-6 Robert Street Scunthorpe North Lincolnshire DN15 6NG Bankers: Virgin Money Bank 154-158 Kensington High Street London W8 7RL
ARCADE ARTS LTD CompanyNo: 12571419 CharityNo: I 194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 Structure, Governance and Management Governin Document Arcade Arts Ltd is a registered charity and a company limited by guarantee governed by its Memorandum and Articles of Association adopted on 24 April 2020 and amended on 08 December 2020 and 27 May 2021. Arcade Arts registered as a charity on 07 June 2021. Every member of the Charity undertakes to contribute a maximum of £1 in the event of the charity winding up. Recruitment and a ointment of Trustees The board of directors may from time to time and at any time appoint any member of the company as 3 member of the Board of Directors, either to fill a casual vacancy or by way of addition, provided the prescribed maximum is not exceeded. Any member so appointed shall retain his or her ofFice only until the next annual general meeting but shall then be eligible for re-election. No person who is not a member of the Company shall in any circumstances te eligible to hold office as a member of the Board of Directors. The Articles of Association states that the number of Trustees must never be less than 3 and, until otherwise determined by a General Meeting, shall not be more than 7. Trust e Inductlon and Trainin New Trustees undergo inducknon training, provided by the Co-Direttors. The induction includes a discussion about the role and respop,sibilities of Trustees, the activities, aims and objectives of the Charity, the structure of the organisation, Board of Trustees, general procedures of the organisation. New Trustees are introdiJced to members of staff and other Trustees and are provided with the Chayty Commissions'Roles and Responsibilities of Trustees,, the Articles and Memoranduni. of Association, the business plan, the latest statutory financial statements, Annual Report, and financial reports provided to the Board of Trustees. Any additional training required by new Trustees will be identified during induttion, and may be requested at any point by Trustees, where it is considered useful to their role as Trustee, Trustees are also invited to attend charity events and activities in order to develop a better all-round understanding of the organisation.
ARCADE ARTS LTD Company No: 12571419 Charity No.. 1194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 anisati nal S'Lrutture The Board of Trustees manages the Charity and aims to consider only strategic decislons at its Meetings. Trustees are aware that any conflirts of interest are declared and minuted. The Board meets quarterly, The Co-Directors are appointed by the Trustees to manage the day-to-day operations of the Charity, (Rach Drew & Sophie Drury-Bradey) and also have authority to delegate as appropriate to other staYI mernbe. Risk Mana ement The Trustees of the charity regularly review the major governance, operational and financial risks which the charity faces through quarterly trustee meetings and annual business planning process and confirm that Systems have been estsblished to mitigate these risks. ARCADE has a risk maiagement Strategy in place which comprises: an annual review of the strategic risks the charity may face via the organisational risk register, the establishment of systems and procedures to mitigate those risks identified, the Implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. The Trustees are satisfied that appropriate financial systems and controls and employment policies and prartices are in place. The Trustees consider the key ris facing the charity at this time to be: l. The financial risks arising if the organisation is unable to attract sufficient funding to realise its planned activity to the scale and quality to which the organisation aspires. 2. The relatively modest scale of the organisation leaves It vulnerable to the temporary absence or permanent loss of key team members. The Trustees have managed the potential impatt of these risks by ensuring that.. Income generation and fundraising plans in place in order to develop core funding streams for the organisation, enabling the charity to offer long term employee contracts to staff Prudent budgets have been set for the next financial year The charity maintains a low-cost base Contingency plans are in place for the actions which would be taken if income appears unlikely to reach it5 target Contingency plans to adjust activity delivery format if income appears unlikely to reach its target Reserves Policy will be adopted which will always enable the charity to meet all its liabilities even if income targets are not achieved
ARCADE ARTS LTD Company No: 12571419 Charity No: 1194711 Report of the Board of Trustees (incorporating the Dlrector's Report) For the year ended 31 March 2025 Objectives and Activities As set out in the Memorandum of Association, the Charity's objects are: "To advance the arts for the public benefit by the promotion in particular, but not exclusively, of the art of drama. Achi vements urin the ear: GRUE In February 2025 Grue by Wintercroft and ARCADE travelled the 83 miles from its home in Scarborough to Bradford 2025 UK City of Culture. Built by over 1000 cornmunity members and made entirely from regcled and repurposed materials, this fourth iteration of Grue was double the size of previous versions, allowing us to Upscale the fantastical world in its new home of Damart Mill, in Bingley. Grue was sold out and attended by 2319 audience members who stepped into a fantastical world to explore a series of enchanting landscapes. Over 1000 community members were involved In building the pieces. Feedback was excellent from both audienc and volunteers. Scaling up of the project has been successful, and we are going to look at whether we can roll out this model in another fomi. "The experience w3s amazing. That an entire eXpenen could be construtted from cardboard absolutely blew our children s minds. fhey could talk about nothing else all day.- Bradford 2025 UK City of Culture Audience member 'We really enjoyed working with the ARCADE team, who we found to be responsive, dynamic and creative. The audience response to Grue was ovenvhelminglypositive, it sold out its run and the loca/ community took it to heart. We were delighted to have it as part of our festivalprogr3mn7e.' Jenny Harris, Director of Progrnmme Bradford 2025 UK City of Culture PIED PIPER We were proud to be able to bring the Battersea ArL% Centre & rODIUM'S Pied Piper - A Hip Hop Musical to Bridlington as part of a national tour. The show featured a hugely talented cast of professional beatboxers and musicians as well as local children and
ARCADE ARTS LTD CompanyNo'. 12571419 Charity No.. 1194711 Report of the Board of Trustees (incorporating the DirectOS Report) For the year ended 31 March 2025 young people. Thr* community casts from Headland5 Secondary School, Hilderthorpe Primary School, and Spotlight Youth Theatre took part in a series of beatboxing workshops with artist Conr3d Murray and performed on stage at Bridlington Spa alongside the professional cast. The shows were a sell out, with hundreds of local families attending and thanks to the support of East Riding of Yorkshire Council, AMP, Ats Council England, The Lords Feoffees and Theatre Works! we were able to support 1000 local school children to see the show. NEW SHORES This year, Springhead SEND School created their own museum, Scarborough PRS made a football song, a mysterious alien egg landed at Northstead School and Gladstone Road School helped special visitor Eady bring volcanoes to life! New Shores is funded by Paul Hamlyn Foundation as part of their pStIgiOuS,arLS-ba$ed learning, fund. °childn who at other times appear disengaged with learning, have been fvlly engaged in the project - I had one child . . recalling all sorts of knowledge alx)ut volcanoes, earthquakes, tectonic plates that I had no idea he had actually retained." Teacher °PMLD pupils showed some incredible responses to Nanoo. Pupils were able to experience a range of emotions and awe and wonder.. Teacher CREATIVE YOUTH ARCADE'S Creative Youth Projett is delivered in partnership with Scarborough Pupil Referral Service, where we provide creative enrichment activities for the students across the year. We bring world class artists to work with the young people in a variety of art forms, increasing confidence, promoting wellbeing and developing social skills. In summer 2024, pupils worked with visual artists Anna Bean and Graham Sykes to design skateboards. These were featured in North York Moors Trust's Birds on the Edge exhibition at Danby Lodge. In September 2024, we launched the first of a three year progrdmme funded by the Youth Music Catalyser Fund which supports children and young people who face barriers to make, learn or earn in music. The young people worked with playwright, musician and world record holding beatboxer Testsment on lyrics inspired by the themes of identity and place. here are expressions on their faces I've never seen before." io
ARCADE ARTS LTD Company No.. 12571419 Charity No.. 1194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 Teacher As part of this project, we supported a young person in a paid intern role to attend and assist the weekly sessions and develop their confidence and creative skills. ' This internship has helped my confidence grow. I feel like two differentpeople from when I first came, to how l am nosv. When I started, I was quiet- in my own little bubble, even in the creative debriefs the meetings after the sessions I didnt dare speak. l//just say it say what I mean, with no shame.-. Intem SPOTLIGHTYOUTH THEATRE In 2024, we launched a Youth Theatre in Bridlington with our partners Spotlight Theatre, providing the opportunity for IOGII young people from the ages of 12-18 to perform in shows. They've performed a sold out run of musicals 'The Addams Family Young @Part, and 'Matilda Jrf and have also taken part in the North York Moors Trust's Birds on the Edge Project. This included a residential trip to Dalby-Forest with creative activit'es in nature which inspired a devised theatre show perfomied to an audience. My girl has grown in confIden so much and made fantasts"c fn"ends. . Parent of Youth Theatre participant CREATIVE CONNEcf]ONS This one-day symposium for creative people, artists and frlanCerS, produced by ARCADE and Stephen Joseph Theatre offered an exciting programme of specialist industry speakers, practical workshops, taster sessions and accessible networking. We wanted to create a space for our creab've community to develop, nurture and refresh their skills. Keynote speakers includ&: Jess Thom (Touretteshero), Danielle Daglan, Head of Culture and Archives for Noth yorkshi Council, and artist Toni-Dee Paul. Workshop style sessions included: marketing, budgeting and fundt7ising, as well as hands-on creative sessions in pottery, public speaking and working with young people. "The event was absolutely buzzing andpeople are still talki.ng about itl It Was gre3t to see so many artists and community representatives in one place and realise how much talent is here... Symposium Attendee li
ARCADE ARTS LTD Cotllpany No: 12571419 Charity No.. 1194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 NOW THEN! Tadcaster Now Thenl is two year Place Partnership project which sees our team working with The Barn, Tadcaster. Funded by North Yorkshire Council, Arts Council England and UKSPF, we are working together to create joyful and memorable experiences, made in partnership with local people. We have supported Tadcaster Youth Theatre led by Thunk-It Theatre, set up a Young Producers scheme and held a creative caerS day. Young people have created The Big Tiny Volces podcast and recruited arknst, Eduard 'RICE' Sacrest to create a series of beautiful co-created rnurals in the town. Mural l at the local library saw 3 x Tadcaster primary sch(K)I classes (90 children in total) work with RICE to create a new interior mural for Tadcaster community libffiry. Mural 2 took place at The Barn in the Easter holidays. Mural 3 was created at Tadcaster Albion Football Ground, working with young people from their football youth groups. INS a fantastic contnbution and Fve re lucty to have this in our town.- Parent of Tadcaster Youth Theatre participant ORGANISATIONAL DEVELOPMENT The charity has grown to an all-female team of 7 including l Administrator, who was previously a Trainee. In addition, a range of experienced freelancers support the work of the charity. The charity has its own office at Woodend Creative, which is fully accessible. A lean business plan and three-year prograsTme plaii has been written, in collaboration with partners. We have created a Theory of Change for the organisation and an evaluation framework which we continue to use. We had a new website designed and implemented. Co-Artistic Director and CEOS were invited to a parliamentary reception held by Ats Council England to celebrate their achievements alongside other organisations. SUPPORTING LOCAL CREATIVES Our online nemork, Scarborough Creatives now hosts 2,400 people and is growing all the time, with Tadcaster (200) and Bridlington Creatives (400) remaining stable, 12
ARCADE ARTS LTD Cotnpany No: 12571419 ChaTity No.. 1194711 Report of the Board of Trustees (incorporating the Dirertorfs Report) For the year ended 31 March 2025 Our symposium for creative freelancers, Creative Connections a+ the Stephen Joseph Theatre was attended by 127 people (sold out), including students, and has had very positive feedback. There were 26 speakers across the day: 20 women, 6 men, 5 from the global majority and 2 disabled artists. IOOO/o of feedback forms said attendees would recommend the symposium to a friend. ArrENDANCE AT STRATEGIC GROUPS Our attendance on these groups show5 commitment to the development of the settor and we can 5UPPOrt and be sUPPOrted by others Cultural Collisions East Riding of Yorkshire Council, Local Cultural Education Partnership North Yor*shire Cultural Education Partnership (Forge) Scarborough Cultural Partnership New NPOS Group, we coordinate this group, and it is open to partnership bids Public Benefit- Who Arcade's work benefits and in what way The trustees have reviewed the current activities of the charitsble company and confirmed that they are in line with its objectives. All the activities of the organisation carried out during the period are in pursuance of the company's aims and objectives. The trustees also confirm that the organisation's aims and objectives fall within the "descriptions of purposes in the Charities Act 2011 and are recognised as charitsble and are carried out for public benefit. 22,556 people engaged with our work (18,103 Audiences/4,553 Participants) and 199 Artists were engaged in paid work. Our flagship project Grue enjoyed its best year yet for media success reaching 235,469,526 people across 11 regional and 2 national media outlets. Many audiences and participants live in wards which are the bottom IOQ/0, 60/0 & 10/0 of deprived areas in England. Areas we serve have the lowest rates of social mobility in the country & lower than average cultural engagement & literacrf levels, along with feeling the other impacts of deprivation, such as high teenage pregnancy, offending and reoffending rates. ARCADE'S activity focuses on families and children, young people at risk of offending andlor attending non-mainstream schools e.g., Pupil Referral Unit5 and SEND Schools, and young working-class women and girls. 13
ARCADE ARTS LTD CompanyNo'. 12571419 Charity No.. 1194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 The trustees are not remunerated. Any connection between a trustee or senior manager of the charity with business partners, sponsors or suppliers is disclosed to the full board of trustees in the same way as any other contractual relationship with a related paty. Financial Rev?ew The outturn for the year is a surplus of £5,126 (2024: surplus £63,891) this is made up of an unEstritted surplus of £4,570 (2024: surplus £62,066) and a restrirted surplus of £556 (2024., surplus £1,825). The Trustees consider the financial performance of the charty to be tISfactory. Resetve The reserves policy is to hold 3 months of core running costs including salaries and overheads, built from earned income through our consultancy work, ticket sales, school fees and producing fees. The Board of Trustees review this policy ainually. Treasu olic The Company's main banking facilities a wtth Virgin money bank and have OFened a second account with Lloyds to ensure all funds are covered by the FSCS £120,000 compensation scheme. The Company is required to have its fvnds readily accessible and so spread its cash balances across notice accounts and instant access deposit accounts. Princi l Fundin Sources See note 13 of the notes to the accounts for a detsiled explanation of the Company's restricted funds. The main income source to the'core, unrestricted funds was through grants and charged for services. During the year all expenditure has been concentrated on the key objettives of the charity. Plans for Future periods NEW SHORES The start of the second year of a programme of work in Scarborough Schools, called New Shores, funded by Paul Hamlyn Foundation. Includes a creative Teacher CPD programme & immersive theatre in the classroom as part of Adventures in Leaming model by K Theatre. The project responds to teacher feedback ail d focuses on supporting pupils to understand difference and increase tolerance. Key partners include IcKal primary schools in Scarborough, including Gladstone Road Primary, Springhead SEND School and Scarborough Pupil Referral Setvice, as well as Scarborough Museums and Galleries. 14
ARCADE ARTS LTD Company No.. 12571419 Charity No.. 1194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 OUR CHRISTMAS Small R&D of new immersive show 'Sprites' at Scarborough Spa, with a heritage inspired adventure for development for family audiences at Christmas. We would like to explore connections to Scarborough 400 (2026) and heritage partners. OUR YOUTH Condensed, week-long sessions taking place across the year for pupils from Scarborough Pupil Referral Service. Led by innovative visiting artists drawn from acr055 the north of England, with opportunity for an emerging artist to learn from best practice. ARCADE YOUTH THEATRE Weekly sessions continue across the year for up to 30 young people from deprived areas. Working with NHS social prescribers for referTrls, as well as local schools. Led by local facilitator with guest artists as r4uired, there will be 3 performance or sharing opportunities with local artists, includiig Mab'ida the Musical, National Theatre Connettions and a special creative project at North York M(xJrs and Parks. PLAYING OUT A short R&D project with young people at Gallows Close communty trntre in summer, developing new ideas with Cheidu Ornka and Tethment, plus orchestra partners with a view to make large scale spoken word / orchestra performance with young people. PIED PIPER ON TOUR ARCADE produces a national tour of acclaimed and award-winning production PIED PEPER by BAC Beatbox Academy to Derby, Hull, Leeds, Medway, Peterborough and Scarborough. A local community cast in each Ic(ation provides young people the chance to develop creative skills and confidence. Pied Piper is a raucous music31 re-imagining of a medieval fairy-tale. Featuring a hugdy talented cast of beatboxers, musicians and special guest performances from the local community in each tour location. An elettrifying show of vocal wizardry for all the family, coming to Scarborough, Hull, Leeds, Peterborough, Medway and Derby in 2026. The tour is funded by Arts Council England. GROWING CAPACITY Working with North Yorkshire Council we will develop multi-year, place-based projects developing producing capacity to unleash creativity in communities SUPPORTING LOCAL CREATIVES: Scarborough, Bridlington and Tadcaster Creatives networks continue for local creatives (3,500+ people), skills neorkS, opportunities & 15
ARCADE ARTS LTD CoJnpanyNo: 12571419 Charity No., 1194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 events. Attention paid to ensuring support for local creatives is inclusive and attively involves disabled artists, FUTURE LEADERS In partnership with East Riding Council, we continue to run a Young Producers Group in Bridlington. We continue to develop our Administrator in her next steps with us. COMPATrIY DEVELOPMENT Development of future facing partnerships and multi-year funders is ongoing. We will also look to overhaul our policies to make them fit for purpose and in line with our values. Co-Directors will look to diarise time for their development and training, ArrENDANCE AT STRATEGIC GROUPS Our attendance on these groups shows commitment to the development of the sector and we can support and be supported by others Cultural Collisions East Riding of Yorkshire Council, Local Cultural Education Partnership North Yorkshire Cultural Education Partnership (Forge) Scarborough Cultural Partnership New NPOS Group, we coordinate this group, and it is open to partnership bids ARCADE Birthday Celebration A small celebration and look back over 5 years with a coordinated marketing campaign occurred in June and October 2025. Audit/Independent Examination As the income of the Charity is below £1 million, Arcade Art5 has opted for a Charity Independent Examination for the year ending 31 March 2025 in line with the Charities Act 2011. Statement of disclosure of information to Independent Examiner We, the Directors of the Company who held office at the date of approval of these financial statements, each confirm so far as we are aware, that: there is no relevant information of which the Company's Independent Examiner Is unaware, and 16
ARCADE ARTS LTD CompanyNo'. 12571419 Charity No: 1194711 Report of the Board of Trustees (incorporating the Director's Report) For the year ended 31 March 2025 we have taken all the steps that we ought to have tsken as Directors in order to make ourselves awa of any relevant information and to establish that the Company's Independent Examiner is aware of that information. statement of Dirertorfs responsibilities The charty Trustees (who are also the direttors of Arcade Arts Ltd for the purpo*s of company law) are responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PTrctice). Company law requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the Trustee are required to: selett suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent,. state whether applicable LIK accounting stsndards have been followed, subject to any material departures disclosed and explained in the financial ststements; prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial pos0 of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governiiig the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 17
ARCADE ARTS LTD Company No: 12571419 Charity No.. I l94711 Income and Expenditure Account For the year ended 31 March 2025 Notes 2025 2024 INCOME 400,968 390,041 EXPENDITURE (400,041) (330,536) OPERATING SURPLUS/(DEFIcrr) FOR THE YEAR BEFORE TAX 927 59,505 Interest receivable 4,199 4,386 SURPLUS/(DEFIcrr) FOR THE YEAR BEFORE TAX 5,126 63,891 Corporation Tax SURPLUS/(DEFicrr) FOR THE YEAR AFfER TAX 5,126 63,891 RESERVES BROUGHT FORWARD 13 100,806 36,915 RESERVES CARRIED FORWARD 13 105 932 100 806 Total income of £405,167 (2024: £394,427) comprises £33,186 (2024.. £64,653) for unrestricted funds and £371,981 (2024: £329,774) for restritted funds. A detailed analysis of income by source is provided in the statement of financial activities. The surplus for the year of £5,126 (2024.. surplus £63,891) comprise5 a surplus of £4,570 (2024: £62,066) for unrestricted funds and a surplus of £556 (2024.. surplus £1,825) for restricted funds as shown in the statement of financial activities. There are no recognised gains and losses other than those passing through the income and expenditure account. All operations are continuing operations. The notes on pages 24 to 35 form part of these Financial statements. 19
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ARCADE ARTS LTD Cotnpany No.. 12571419 Charity No.. 1194711 Statement of Cash Flows For the year ending 31 March 2025 Notes 2025 2024 Net Movement in Funds Add back depreciation charge Deduct interest income shown in investiii g activities Decreasel(increase) in debtors Incre3sel(decrease) in creditors Net cash used in operating activities 5,126 3,089 (4,199) 63,891 1,152 (4,385) 10 li 12 (74,141) 155,663 41,979 108 522 Cash flows from investing activities Interest Income Profit on disposal of asset Purchase of tangible fixed assets Cash provided by (used in) investing activities 4,199 4,386 10 (5,720) 3,096 Cash flows from financing activities Repayment of borrowing Cash used in financing activities Increase/(decrease) in cash and cash equivalents 79,818 111,618 Cash and cash equivalents at the beginning of the year 142,564 30,946 Totsi cash and cash equivalents at the end of the year 222,382 142,564 The notes on pages 22 to 33 form part of these financial statements. 23
ARCADE ARTS LTD Company No: 12571419 Charity No: 1194711 Notes to the financial statements for the period ended 31 March 2025 1286580560. Accounting policies 1286580560.1. Accounting convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2019) - (Charities SORP (FRS102)), the financial reporting Stsndard applicable in the UK and Republic of Ireland (FRS102) and the Companies Aec 2006. Arcade Arts Ltd meets the definition of a public benefit entity under FRSIO2. Assets and liabilities are initially rec(KJnised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy note(s). 1286580560.2. Company status The Charity is a company limited by guarant. The members of the Company are the Directors named on page 3. The Company is actively engaging in the recruitment of its membership. 1286580560.3. Going Concern The Trustees consider the Charity to be a going concem. The accounts have been prepar& on this basis. 1286580560,4. Incoming resources Income is recognised when the charity h.as entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. servIs provided, investment income and rents are accounted for on the accrual's basis. Other income is accour,ted for when Ceived. All income is shown gross with associated costs included in expenditure. Grants received to fund the purchase of fixtsd assets are credited to the Statement of Financial Activities when the Company is legally entitled to the income. The related expenditure is charged to Fixed Assets in the Balance Sheet. 24
ARCADE ARTS LTD Company No: 12571419 Charity No: 1194711 Notes to the financial statements for the period ended 31 March 2025 Accounting policies (continued) 1.4. Incoming resources (continued) Grants received of a revenue nature are accounted for when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. 1.5. Fund accounting Restricted funds are funds which are to be used in accordance with specific restrittions imposed by donors. Restritted funds are accounted for separately to each other and to the core funding of the Company. General funds are unrestrirted funds which are available for use at the discretion of the Trustees in the furtherance of the general objecknves of the charity and which have not been designated for other purposes. 1.6. Expenditure and irrecoverable VAT Expenditure is recognised once the is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. • Expenditure on charitable activities includes the costs of all activities undertaken to further the purposes of the charity and their associated support costs. The Charity is VAT registered from February 2024. 1.7. Allocation of support Costs Support Costs are those funrtions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, paymll and governance costs which support the Charities activ¥ties. All activities undertaken by the Charity are in furtherance of the Charitable objects therefore all support costs have been allocated to charitsble activities. A full breakdown of all costs related to Charitable Attivities has been provided in Note 5. 1.8. Intangible & Tangible fixed assets and depreciation Intangible & Tangible fixed assets are ststed at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life (except as detailed below) as follows: Office Equipment Furniture and Fixtures Website 330/0 on the straight-line basis 250/0 on the straight-line basis 330/0 on the straight-line basis 25
ARCADE ARTS LTD Coillpany No: [2571419 Charity No: l194711 Notes to the financial statements for the period ended 31 March 2025 1.9. Debtors Trade and other debtor5 are recognised at the settlement atnount due after any trade discount offered. Prepayments are valued at the amount ppaid net OF any trade discounts due. 1,10, Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.11. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Income and Expenditure Account The Company is a registered charity and so achievements cannot be measured by normal commercial criteria. Accordingly, the Directors consider that It would be inappropriate to present a Profit and Loss Account in one of the formats set out by the Companies Att 2006. Therefore, as permitted by the Companies Act, in order to reflett the special nature of the Company's activities, the Directors are of the opinion that it would be more appropriate to present an Income and Expenditure Account. 26
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ARCADE ARTS LTD Company No: 12571419 Charity No: 1194711 Notes to the Financial Statements for the year ended 31 March 2025 staff costs Total 2025 Total 2024 Wages and salaries Employers Nl Employers Pension Contributions Payroll & Pension Fees Directors Emoluments Travel and Subsistence Training ArtISts Fees (Project costs from 2025) Subcontract Fees Other Staff Costs 174,056 10,889 7,167 131,320 7,165 5,782 393 9,503 1,596 3,345 712 67,832 7,251 440 224 240 1,825 207 001 Average number of paid staff Total 2025 Total 2024 Headcount There are no higher paid staff. 8. Operating surplus The operating surplus is arrived at after charging.. Totsl 2025 Total 2024 Depreclation - Owned Assets Directors Emoluments Accountants Remuneration 3,089 1,152 720 3,809 720 1,872 30
ARCADE ARTS LTD Company No: 12571419 Charity No.. 1194711 Notes to the Financial Statements for the year ended 31 March 2025 Taxation As a charity the Company is exempt from Corporation Tax. 10. Intangible & Tangible Fixed Assets Office Equipment Furniture & Fixtures Website Total Cost At 01 Apr 2024 Additions Disposals At 31 Mar 2025 5,019 120 5,139 8,300 8,300 5,019 120 8,300 Depreciation At 01 April 2024 Charge for the year On Disposals At 31 Mar 2025 1,711 1,438 1,795 3,089 36 1,615 3,149 120 4,884 Net Book Value At 31 Mar 2025 At 31 Mar 2024 8,555 1,689 36 11. Debtors Total 2025 Total 2024 Trade Debtors Bad Debt Provision Prepayments and Accrued Income Theatre Tax Rebate 79,610 (3,347) 5,898 15,104 (3,347) 7,216 31
ARCADE ARTS LTD Cornpany No: 12571419 Charity No: l194711 Notes to the Financial Statements for the year ended 31 March 2025 12. Creditors a) Creditors: Amounts falling due within one year Total 2025 Total 2024 Trade Creditors Payroll Tax Corporation Tax Pension Loans Accruals VAT Deferred Income 3,046 16,942 3,834 14,169 295 977 200 9,661 575 1,708 200 7,707 16,140 172 376 218 119 13. Accumulated funds Unrestritted Funds 2025 Restritted Funds 2025 Total Funds 2025 Total Funds 2024 Balance at 01 April Movement in funds for the year Balance at 31 March 85,478 15,328 556 15,884 105,932 100,806 100,806 36.915 90,048 Analysis of net assets between funds 2025 Unrestricted Funds 2025 Restricted Funds 2025 Totsl Funds 2024 Totsl Fund5 Fixed Assets Current Assets Current Liabil ities Non-current liabilities 6,886 1,669 8,555 1,725 128,905 186,591 315,496 161,537 (45,743) (L72,376) (218,119) (62,456) 15884 105932 100806 32
ARCADE ARTS LTD Company No.. 12571419 Charity No.. 1194711 Notes to the Financial Ststements for the period ended 31 March 2025 13. Accumulated Funds (Continued) Restricted funds Balar?ce at Movement in Resources 0110412024 Incorning Outgoing Transfers Balance at 3110312025 Arts Council England East Riding Council Pied Piper Bridlingion Easl Riding Council Spotlight Youth Produced North Lincolnshire Council NYMAZIAMP 900 180,0 5,100 (180,91)0) (5,100) 2,500 14,043 10,375 45,218 (2,51X)) (14,043) (10,375) (45,218) (8,445) (2,5IA)) (1,000) {4,286) (9,303) Paul Hamlyn Foundation HEY Smile, Lord Feoffees Scarborough Borough Council Theatre Work Youth Music 8,445 2,500 I,ooo 4,286 9,303 Restricted Funds - Grants Artistic Projects Bradford - Grue Training Income Donation5 All Restricted Funds 900 14,428 282,770 {283,670) 14,428 85,755 2,OQO 1,456 15,328 371,981 (85,755) (2,(J)O) 1,456 15,884 371,425 A brief description of the Restricted Funds 15 given below: Restricted Funds Arts Council England provided restricted funding to 5UPPOrt ARCADE'S staffing costs and core cultural community programme costs. East Riding of Yorkshire Council - Pied Piper Bridlington Restricted funding received to contribute towards the development & performance costs for the show 'Pied Piper, a hip hop musical, East Riding of Yorkshire Council- Spotlight Youth Producedrt provided restricted funding to contiibute towards project Spotlight Youth Produced 33
ARCADE ARTS LTD Company No: 12571419 Charity No: 1194711 Notes to the Financial Ststements for the period ended 31 March 2025 North Lincolnshire Council Restricted funding received to contribute towards the development & performance Costs for the show'Bunker of Zion, NYMAZIAMP, restritted funding to be spent on engaging with young people, many of whom experience poor mentsl health, trauma and chaotic home lives. Paul Hamlyn Foundation, resbicted funding to be spent on engaging with your*g people, many of whom experience Pcrfjr mental health, trauma and chaotic home lives. Hey Smlle, restricted funding to be spent on engaging with young people in Bridlington and opening of a Bridlington Youth Treatre. Lord Feoffees restritted funding to be spent on engaging with young people, many of whom experience poor mental health, trauma and chaotic home lives. Scarborough Borough Council restricted funding to be spent on engaging with young people, many of whom experience poor mental health, trauma and chaotic horne lives. Theatre Works Restricted funding received to contribute towards the development & performance costs for the show'Pied Piper, a hip hop musical, Youth Music restricted fijnding to be spent on engaging with young people, many of whom experience poor mental health, trauma and chaotic home lives. 14. Directors, remuneration No remuneration directly or indirectly OLrt of the funds of the Company was paid or payable for the year to any Director (2022., Nil paid to Direttors). Ysabelle Wombwell received payment of £121 (2024 - £856) in the financial year. These payments are made at arm's length. All trdvel expenses paid to employees, volunteers and Directors are in line with approved mileage rates set by HMRC. 14. Related Party Transactions There were no related party transactions. 34
ARCADE ARTS LTD CompanyNo'. 12571419 cPrIty No.. 1194711 Notes to the Financial Statements for the period ended 31 March 2025 15. Other recognised gains and losses There were no other recognised gains or losses. 16. Members The liability of the members is limited. Every member of the Company undertakes to contribute such amount as may be required, not exceeding £1, to the Companys assets if it should be wound up while he or she is a member, or within one year after he or she ceases to be a member for payment of the Company's debts and liabilities contracted before he or she ceases tr) be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributories amon9 themselves. If the Company is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any propety, it shall not be paid to or distributed among the members of the Company but shall be given or transferred to some other charity or charities having objects similar to the objects of the Company. 17. Going Concern The Trustees consider the Company to be a going concern for a period of at least 12 months beyond the date of the Independent Examiners report. We have confirmed funding for 3 years (April 2023 - Mar 2026) from Arts Council England, under their National Portfolio Orgail isation funding stream, we will receive £180,000 per year for 3 years. We also have numerous other partnerships in place over this same period, 35